Paz Oil (Israel) Market Value
| PZOL Stock | ILS 44,000 60.00 0.14% |
| Symbol | Paz |
Paz Oil 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Paz Oil's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Paz Oil.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Paz Oil on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Paz Oil or generate 0.0% return on investment in Paz Oil over 720 days. Paz Oil is related to or competes with Delek, Bank Hapoalim, Oil Refineries, Bezeq Israeli, and Israel Discount. Paz Oil Company Ltd., together with its subsidiaries, refines, produces, stores, imports, sells, and markets oil and oth... More
Paz Oil Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Paz Oil's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Paz Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1037 | |||
| Maximum Drawdown | 7.69 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.72 |
Paz Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paz Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paz Oil's standard deviation. In reality, there are many statistical measures that can use Paz Oil historical prices to predict the future Paz Oil's volatility.| Risk Adjusted Performance | 0.1386 | |||
| Jensen Alpha | 0.3085 | |||
| Total Risk Alpha | 0.0193 | |||
| Sortino Ratio | 0.1069 | |||
| Treynor Ratio | 4.95 |
Paz Oil Backtested Returns
Paz Oil appears to be very steady, given 3 months investment horizon. Paz Oil maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. We have found thirty technical indicators for Paz Oil, which you can use to evaluate the volatility of the company. Please evaluate Paz Oil's Risk Adjusted Performance of 0.1386, semi deviation of 1.52, and Coefficient Of Variation of 577.87 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paz Oil holds a performance score of 20. The company holds a Beta of 0.0639, which implies not very significant fluctuations relative to the market. As returns on the market increase, Paz Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paz Oil is expected to be smaller as well. Please check Paz Oil's downside variance, expected short fall, and the relationship between the potential upside and semi variance , to make a quick decision on whether Paz Oil's historical price patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Paz Oil has weak reverse predictability. Overlapping area represents the amount of predictability between Paz Oil time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paz Oil price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Paz Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 23 M |
Paz Oil lagged returns against current returns
Autocorrelation, which is Paz Oil stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Paz Oil's stock expected returns. We can calculate the autocorrelation of Paz Oil returns to help us make a trade decision. For example, suppose you find that Paz Oil has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Paz Oil regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Paz Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paz Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paz Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Paz Oil Lagged Returns
When evaluating Paz Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paz Oil stock have on its future price. Paz Oil autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Paz Oil autocorrelation shows the relationship between Paz Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Paz Oil.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Paz Stock
Paz Oil financial ratios help investors to determine whether Paz Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Paz with respect to the benefits of owning Paz Oil security.